For Banks

Cash Balancing to Perfection

INTRADAY provides software for real-time treasury, real-time liquidity management, foreign exchange management and cash flow forecasting using clear visuals and unparalleled drill down capabilities. Treasurers today strive for more balanced cash flows during the day. With interest rates hovering near zero across much of the developed world, actively tracking cash is now the most efficient way to keep cash working for banks. Otherwise, cash is locked up in excessive buffers and un-necessary long or short cash positions.

 

The traditional way of making domestic payments like wire transfers, automated clearing house and cheque payments are rapidly changing and making way for Instant, and Real-Time Payments. This lowers costs for banks and quickly delivers funds to accounts. Current technologies enable efficient cash positions INTRADAY.

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For Corporates

INTRADAY is being utilized

INTRADAY provides real time visual software to enable perfect cash flows. Having real-time views of cash flow is critical for corporates to stay profitable at this time — as is making sure they can receive disbursements, such as government loans, as fast as possible.

Legacy payment types and processes are proving to be major barriers to establishing improved cash flow schema’s for corporations. Financial institutions (FIs) are currently not addressing this gap. INTRADAY’s real-time liquidity management, foreign exchange management and cash flow forecasting employs clear visuals and unparalleled drill down capabilities. With interest rates hovering near zero across much of the developed world, actively tracking cash is now the most efficient way to keep cash working. Otherwise, cash is locked in un-necessary long or short cash positions. INTRADAY releases cash from these locked positions, improving working capital and reducing costs.

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In the Global Treasurer survey,

the most desired improvement to banking services amongst practitioners was a single view across all company balances in real-time – with 62 percent of respondents citing this as being at the top of their wish list. The reason is obvious. Brian Nolan, CEO at Finteum mentioned recently that a multinational company can save up to 40 million a year if it can calculate liquidity in a matter of hours rather than days. INTRADAY makes this possible. Corporate treasurers are urgently looking for new ways to provide cash management with up to date – and if possible real-time – information on cash positions and cash forecasts faster and with deeper insight, allowing corporate treasurers to better react to the company’s current cash and working capital needs. Efficient real-time liquidity management can be achieved through a unified view of accounts with multiple banking relationships, e.g. by integrating data via INTRADAY’s proprietary software. Based on this information, decisions can be made quickly and executed immediately to avoid unnecessary corporate loans.

Source: Global Treasurer